JLL arranges loan for boutique Chicago office property
200 East Ohio is strategically located in the heart of Chicago’s Streeterville neighborhood
CHICAGO, January 6, 2020 – JLL Capital Markets announced today that it has arranged a $6 million refinancing for 200 East Ohio, a boutique office property totaling 27,000 square feet in the Chicago’s Streeterville neighborhood.
JLL worked on behalf of the borrower, Tishman Realty, to secure the financing through a Chicago-based financial institution.
200 East Ohio is a five-story boutique property that is nearly 90% occupied by a diverse tenant roster. Located in the Streeterville neighborhood, the property is steps away from Chicago’s Magnificent Mile, where many of Chicago’s premier retailers reside. With a Walk Score® of 98 and a Transit Score® of 100, 200 East Ohio is within walking distance of many of Chicago’s premier hotels, more than 450 retail stores and more than 275 restaurants.
200 East Ohio fills a rare niche within the Chicago market – a small office building in Chicago’s North Michigan Avenue submarket that appeals to tenants seeking quality space while providing all the amenities that have made the area the epicenter of the city’s retail and dining scene.
The JLL Capital Markets team representing the borrower was led by Managing Director Christopher Carroll and Director Lucas Borges.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Tishman Realty
Tishman is a vertically integrated real estate owner, developer, operator and advisory, managing all aspects of a project from acquisition, financing and development to ongoing property and asset management. Over the last 30 years, Tishman and affiliates, has owned and developed roughly 10 million square feet for its own account and has sourced and structured nearly $8 billion of debt and equity for its projects.